A Bond Has a Face Value of $15,000 and a Conversion

question 101

Multiple Choice

A bond has a face value of $15,000 and a conversion ratio of 220. The stock is currently trading at $39.20. What is the conversion price?

• A) $3.41
• B) $13.64
• C) $40.91
• D) $68.18

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Definitions:

Fine Adjustment Knob

A control on a microscope used to make small adjustments in focus, refining the clarity and detail of the viewed specimen.

Coverslip

A thin piece of glass or plastic used to cover specimens on a microscope slide, protecting the sample and lens.

Eyepiece

The lens or group of lenses at the viewing end of a telescope or microscope, through which the observer looks to see the magnified image.

Magnification

The process of enlarging the appearance of an object, typically using lenses or microscopes.